As a savvy Charlottesville realtor since 2003, I have witnessed a tremendous townhomes boom since the real estate crash of 2008.
You could count the townhouse developments on one hand in 2003. Today there must be over 30. And some are pretty snazzy. As baby boomers get older and sell their mega-mansions, a townhouse off a golf course is the perfect progression.
A townhouse offers low maintenance and most of the exterior upkeep is covered by monthly HOA fees. And yes there are fees; and rules and regulations.
What is the difference between a townhouse and a condo?
I get asked this all the time. A townhouse is basically a single-family home but it is attached to anywhere from 4 to 12 other similar structures. So beware…if you crave peace and quiet and feel like socializing at 5 pm when everyone is out walking their dogs then a townhouse is not for you. Maybe a condo would be better.
Luxury townhomes in Charlottesville Va?
Today both local and national builders realize the need for more luxury townhomes as we baby boomers get older and especially since there is so much money in Charlottesville.
Here are my top 5 Charlottesville luxury townhomes according to my preference: White Gables, Ednam, Old Trail, Kenridge, and Out of Bounds (Charlottesville’s newest townhouse development and Sold Out).
The median price for a luxury townhome is $795,000. The highest asking price was $2,750,000 and the lowest was $620,000.
And here are my top 5 picks for more affordable Charlottesville townhouses again, my preference: Old Trail, Belvedere, Forest Lakes, Mill Creek, and Huntington Village.
Townhomes near Charlottesville Va will put you in the neighboring Albemarle County as Charlottesville is a city. As of Jan 1, 2021, 585 townhomes have sold which is a huge increase from ten years ago.
Those looking for new townhomes in Charlottesville Va should look in Belmont, Stonehenge, River Run, Huntington Village, Mill Creek, Riverwood, Sunrise Park, Forest Ridge, Forest Lakes, Old Trail, Spring Hill Village, Belvedere, and Moore’s Creek. I have included townhomes just outside of the city limits in Albemarle County too.
5 townhomes are for rent in Charlottesville, Va with 3 and 2 bedrooms. Rental prices range from $3,250 – $1,550 for 2-3 bedrooms.
Hope this helps you, a little. I love an attractive townhouse development and am happy that there are now more being developed (or am I?). Sometimes it makes me want to sell my farm so I can cook all day and sit on my couch and watch Netflix!